East Bay/Oakland office market reports
Q1 2022: Covid will remain a fact of daily life for the foreseeable future, but the drive to normalcy is positively affecting the office market. Current tenant requirements and investment opportunities are positioning this market for a steady recovery this year.
The much-anticipated return to office during the first quarter was sluggish. The stop-start nature of decision making caused tenants to re-evaluate their plans repeatedly.
While demand has been slowly growing toward pre-pandemic levels, current leasing could not grow occupancy amongst vacancy additions.
The development pipeline for Oakland office is abundant but currently there are no new office projects are under construction.
Vacancy has been above 17.2% during the last five quarters.
Tenants have a variety of space options to relocate or upgrade to quality.
Direct asking rates
Direct asking rents saw minimal growth since the fourth quarter of 2021.
Sales volume rebounded from $24M reported during the fourth quarter of 2021.
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Get in-depth office market reports and insights from commercial real estate experts in the Greater East Bay/Oakland area. Avison Young advisors look at East Bay/Oakland commercial real estate activities and the latest East Bay/Oakland statistics to provide you expert market research on East Bay/Oakland's office properties.
Explore different topics like the latest office market pricing trends and analysis of East Bay/Oakland's current office real estate market conditions. Gain a better understanding of East Bay/Oaklands office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in East Bay/Oakland's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in East Bay/Oakland.
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